Ashoka WhiteOak bought 97.5 lakh shares of JSW Cement Limited for ₹120.90 crore at ₹124.00 apiece in a block deal.
A leading Indian manufacturer of green cement, JSW Cement specializes in sustainable cement production with a focus on environmental responsibility and innovation. The company supplies high-quality cement for major infrastructure projects across India, leveraging advanced manufacturing processes and eco-friendly practices. Its distinctive approach combines industrial scale with commitment to reducing carbon footprint in the construction sector while meeting diverse customer requirements.
India equity vehicle of WhiteOak Capital, the Singapore-headquartered manager founded in 2017 by Prashant Khemka, former CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets businesses. WhiteOak group manages USD 10.8 bn (~Rs 96,000 cr) across SMAs and funds. Ashoka India Opportunities Fund ranks as the best-performing India UCITS fund since 2018 inception.
